38.2-1028 - Additional licensing requirements for stock insurers.
§ 38.2-1028. Additional licensing requirements for stock insurers.
No stock insurer shall be licensed to transact the business of insurance inthis Commonwealth unless it has fully paid in capital stock of at least onemillion dollars and surplus of at least three million dollars.
(Code 1950, §§ 38-29, 38-33, 38-36, 38-330; 1952, c. 317, §§ 38.1-88,38.1-89; 1966, c. 580; 1977, c. 322; 1978, c. 20; 1986, c. 562; 1991, c. 261.)